Blackstone to buy Bulk Purchaser CoreTrust from HCA Subsidiary
Blackstone Inc. is buying a company that controls how a swath of businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage. The world’s largest alternative asset manager agreed to buy a majority stake in CoreTrust, a business that started within a supply arm for […]
Bain Capital Credit announces $2.4B of financing investments for first half 2022
Bain Capital Credit, LP, a leading global credit specialist, today announced that the firm’s Private Credit Group invested $2.4 billion to support the growth of middle market and private equity-backed companies during the first half of 2022. With a track record of investing in middle market private debt dating back to 1998, the Private Credit […]
LPs commit over €1B to HitecVision’s energy transition strategy
HitecVision has held a final close on the HitecVision New Energy Fund (NEF), oversubscribed at the fund’s hard cap of EUR875 million, exceeding its EUR500 million target. In addition, €175 million in co-investment capital has been raised for Vårgrønn, the fund’s first offshore wind investment, meaning that HitecVision will deploy €1.050 million for its new […]
Kohlberg to acquire a 50% stake in Partners Group portfolio co USIC at $4.1B valuation
Partners Group is expanding the shareholder base of United States Infrastructure Corporation (USIC), a North American provider of utility location services with Kohlberg & Company acquiring a 50% stake in then business. Partners Group will retain a 50% co-lead interest. Kohlberg was joined in this investment by a group of new partners that includes funds […]
Carlyle partners with Tillman Global Holdings and commits up to $1B to accelerate investments in US towers
Funds managed by Carlyle’s Global Infrastructure platform have committed up to $1 billion to partner with Tillman Global Holdings to accelerate investments in Tillman Infrastructure, a privately held cell tower platform in the United States. Since its founding in 2016, Tillman Infrastructure has become one of the largest providers of build-to-suit tower assets in the […]
Blue Owl’s Dyal in talks to buy stake in PAI Partners
Blue Owl Capital’s Dyal Capital arm is in talks to acquire a stake in private equity firm PAI Partners, according to people familiar with the matter. Dyal buys stakes in money managers, competing with businesses including Blackstone Inc. Its investments have included some of the most prominent alternative asset managers, such as Silver Lake, Starwood […]
FSG part owners RedBird Capital to close on £1.1B AC Milan deal imminently
RedBird Capital Partners, the US private equity firm that holds an 11% stake in Liverpool owners Fenway Sports Group, are expected to close on their deal to acquire Italian giants AC Milan in the coming weeks. The New York-based firm, founded by managing partner Gerry Cardinale, reached an agreement to acquire the Serie A champions […]
Bow River Capital raises $590m for third private equity fund
Bow River Capital, a Denver-based alternative asset manager, has closed its third private equity fund, Bow River Private Equity Fund III LP (Fund III), at $590 million. The fund was oversubscribed, exceeding its target of $500 million. Fund III benefitted from strong support from both existing and new investors. Perkins Coie served as legal advisor […]
Eurazeo to exit first US investment, will see a 3.1x realized return based on the $1.9B valuation
Eurazeo is announcing a sale of Trader Interactive, valued at $1.9bn corresponding to 25,0x CY 2021 Adjusted EBITDA. With this operation, Eurazeo and its affiliates show a return on a realized basis of 3.1x their original investment. The sale of the 51% stake represents pre-tax proceeds of ~$350m for Eurazeo and its affiliates, of which […]
Elliott, Brookfield Near Agreement with largest Nielsen shareholder
Shares in Nielsen Holdings Plc soared Tuesday after the consumer data company said its largest shareholder was in talks to join a consortium poised to take over the company. Nielsen said in a statement it was postponing a shareholder vote set for Tuesday to vote on the takeover, which is being led by the private […]
